Royal Bank Of Canada Boosts Encana Corp (ECA) Price Target to C$16.50
Encana Corp (TSE:ECA) had its price target lifted by investment analysts at Royal Bank Of Canada from C$14.00 to C$16.50 in a research note issued on Thursday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 14.42% from the stock’s previous close.
ECA has been the subject of several other reports. TD Securities raised their target price on shares of Encana Corp from C$11.50 to C$12.00 and gave the company a “buy” rating in a research note on Monday. CIBC raised shares of Encana Corp from an “underperform” rating to a “sector perform” rating in a research note on Friday, September 30th.
Shares of Encana Corp (TSE:ECA) traded down 0.97% during trading on Thursday, hitting $14.28. 2,091,406 shares of the company traded hands. The company has a 50 day moving average price of $12.88 and a 200 day moving average price of $10.49. The company’s market capitalization is $12.14 billion. Encana Corp has a 52 week low of $4.14 and a 52 week high of $14.84.
About Encana Corp
Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
Receive News & Stock Ratings for Encana Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encana Corp and related stocks with our FREE daily email newsletter.